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The Watercooler
Useless Boy stole Miss KT's money
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<blockquote data-quote="Andy" data-source="post: 236951" data-attributes="member: 5096"><p>Do you have the papers of the initial investment? You should be able to get a copy from the agent. Read through it carefully - what are the terms of termination? I didn't look to see how old KT is. Is she 18? As mstang stated, there is a chance that both parent's signature would be needed. If KT was 18 at the time he withdrew it, then maybe only she would have been allowed to sign. Also, was his name even on the policy? I would think that since you were making premiums that your name should have been on it. If either of these are correct, then the agency gave over the money illegally and still owes it to KT. They can give her the money and they get to go after UB for fraud in getting the money.</p><p></p><p>After reading through the papers, ask the agency under what grounds did they allow UB to cash in the funds. If they do not match the policy, talk to the supervisor of the agency and let him/her know that they need to put that money back into her account. Put into writing what you need to show the agency will make the case stronger</p></blockquote><p></p>
[QUOTE="Andy, post: 236951, member: 5096"] Do you have the papers of the initial investment? You should be able to get a copy from the agent. Read through it carefully - what are the terms of termination? I didn't look to see how old KT is. Is she 18? As mstang stated, there is a chance that both parent's signature would be needed. If KT was 18 at the time he withdrew it, then maybe only she would have been allowed to sign. Also, was his name even on the policy? I would think that since you were making premiums that your name should have been on it. If either of these are correct, then the agency gave over the money illegally and still owes it to KT. They can give her the money and they get to go after UB for fraud in getting the money. After reading through the papers, ask the agency under what grounds did they allow UB to cash in the funds. If they do not match the policy, talk to the supervisor of the agency and let him/her know that they need to put that money back into her account. Put into writing what you need to show the agency will make the case stronger [/QUOTE]
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Useless Boy stole Miss KT's money
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